Keywords: Spots and futures
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Journal Articles
Studies in Economics and Finance (2019) 36 (3): 395–407.
Published: 19 June 2019
...-least-square (OLS) hedging model. Moreover, this paper empirically analyzes the relationship between hedging performance and the heterogeneity of investors with different trading frequency in forming the expectation for the spot volatility, futures volatility and the covariance in the market. Design...

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